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Bloomberg Surveillance

Bloomberg BNA: Republicans want to defund the SEC

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 17 June 2016

⏱️ 6 minutes

🧾️ Download transcript

Summary

Bloomberg BNA: Republicans want to defund the SEC

Transcript

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0:00.0

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0:06.5

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0:28.0

Speaking of back and forth, we are greatly valued by the perspective of Arthur Levitt, the former chairman of the SEC,

0:39.0

but I would suggest that Chairman Levitt brings not a bias but his view.

0:45.0

Rob Tricinelli does not.

0:47.0

He is cutthroat in being fair and balanced in looking at SEC changes.

0:53.0

Rob Tricinelli, let me cut to the chase.

0:55.7

For Global Wall Street, is it thumb up or thumb down

0:59.9

on new SEC legislation?

1:13.8

Well, you kind of right to the case, yeah, I would say, I mean, probably thumbed down because none of it's going to become law I mean really there's a bunch of bills just came out of the house committee that handles

1:17.0

that some of it is Republican messaging

1:19.4

some of it is small tweaks to the to the financial laws that they've been pushing that kind of thing

1:26.3

for a while but you know you did it's hard to say if any of it's going anywhere.

1:30.6

You have been doing this for a long time. Is the lobbying effort of Wall Street different now

1:38.0

than it was three or four years ago, or particularly 2006? Is there a different ballet in your Washington? You're with

1:45.1

Bloomberg B&A so you see this all the time. Have the canopy's changed at the

1:49.7

St. Regis Hotel? You do see a little bit of an effort just because even the term

1:56.1

Wall Street is something that lawmakers kind of run away from with this political climate and it seems even on kind of both

...

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